We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.
More Quotes from Phil Flynn:
There's a lot of interest in trading these commodities, but it used to take too much money. Now, it gives the little guy a way to get in the game.Phil Flynn
This is the biggest down day for the April contract on record.
Phil Flynn
If you knock out two to three refineries with a category 4 or a category 5, and you hit them head on, you'll feel the impact immediately, and it would a while before the markets calm down. The impact of this could be worse than Katrina in terms of shutting down refineries.
Phil Flynn
Just as every media outlet is talking about 4-a-gallon gasoline and the politicians are talking investigations and taxes, the futures market is signaling that the worst may be over.
Phil Flynn
We had a big spike early last week with crude at a record and the heat in Texas. It shows that even with this huge supply, people are still feeling pretty vulnerable about things like heat and hurricanes.
Phil Flynn
It sure did a heck of a job working on oil traders' nerves as the market went ever higher.
Phil Flynn
Readers Who Like This Quotation Also Like:
Based on Topics: Product Quotes, Weekends QuotesBased on Keywords: heating, profit-taking
I always wish life could be a musical. One person just says 5, 6, 7, 8.
Lucas Grabeel
It is only when the people become ignorant and corrupt, when they degenerate into a populace, that they are incapable of exercising their sovereignty.
James Monroe
I started acting professionally at age 19.
Bruce Boxleitner